Mortgage Application Data Hacked by Russia
MBA Mortgage Applications (week ended 1/6/2017)
– Purchase Index Week/Week +6.0%.
– Previous weeks were -2.0%, +3.0%, -3.0%, +0.4%, -0.2%, +19.0%, -6.0%, +1.0%, -0.4%, -7.0%, +3.0%, -3.0%, and -0.1%.
– Refinance Index Week/Week +4.0%.
– Previous weeks were -22.0%, +3.0%, -4.0%, -1.0%, -16.0%, -3.0%, -11.0%, -3.0%, -2.0%, -2.0%, -1.0%, -8.0%, and +5.0%.
– Composite Index Week/Week +5.8%.
– Previous weeks were -12.0%, +2.5%, -4.0%, -0.7%, -9.4%, +5.5%, -9.2%, -1.2%, -1.2%, -4.1%, -0.6%, and -6.0%.
– It can be difficult to interpret this data because the seasonal adjustments are so much larger than the changes. Year/year Purchase applications were down 18%.
-Overall, mortgage apps were up 5.8% as rates have rebounded. Or is Russia helping again?
Atlanta Federal Reserve Business Inflation Expectations (January 2017)
– Year/year Inflation Expectation 2.0%. Previous was +2.1%.
– This is survey data.